Asset Management Plan Overview
|
|
- Terence Page
- 8 years ago
- Views:
Transcription
1 Council Strategy Asset Management Plan Overview City of Albany 2013 File Ref: CM.STD.6 Synergy Ref: NMP North Road, Yakamia WA 6330 Version: 25/06/2013 PO Box 484, ALBANY WA 6331 Tel: (08) Fax: (08) Website: Page 1 of 11
2 Table of Contents 1.0 EXECUTIVE SUMMARY Overview Financial Summary... 4 Table Current Replacement Value Renewal Demand and Funding Gap INTRODUCTION Background Core and Advanced Asset Management Plan Framework SERVICE LEVELS Community Consultation Current Levels of Service Desired Levels of Service FUTURE DEMAND Demand Forecast New Assets from Growth LIFECYCLE MANAGEMENT PLAN Physical Parameters Asset Condition... 7 Table Maloney Asset Condition Rating Scale Risk Management Plan Routine Maintenance Plan Renewal/Replacement Plan Creation/Acquisition/Upgrade Plan Standards and specifications FINANCIAL SUMMARY Financial statements and projections Sustainability of service delivery Funding Strategy Valuation Forecasts ASSET MANAGEMENT PRACTICES Information Flow Requirements and Processes PLAN IMPROVEMENT AND MONITORING Improvement Plan Page 2 of 11
3 8.2 Monitoring and Review Procedures ASSET MANAGEMENT PLANS Supporting Documents Asset Management Plan Roads; Asset Management Plan Pathways; Asset Management Plan Drainage; Asset Management Plan Reserves (Natural); Asset Management Plan Reserves (Developed); Asset Management Plan Buildings; and Adopted City of Albany Long Term Financial Plan Page 3 of 11
4 1.0 EXECUTIVE SUMMARY 1.1 Overview This document provides an overview and introduction to individual City of Albany Infrastructure Asset Management Plans (AMP s). AMP s should be read in conjunction and in context with the City of Albany Asset Management Policy and Asset Management Strategy. Asset classes covered by AMP s are as follows: Roads; Pathways; Drainage; Natural & Developed Reserves; and Buildings. The objective of each AMP is to outline the financial resources required to manage and maintain the relevant asset network to an appropriate standard (or level of service). Each AMP provides an overview of the ongoing management of that asset network and acts as a tool to support the ability of Council to deliver well targeted, responsive and value for money maintenance and operational services for the community as a whole. Individual projects, renewal treatments or interventions which result from the plans are identified in the City s Long Term Financial Plan (LTFP). Note that the LTFP will be reviewed each year as the Asset Plans become more refined. The LTFP forecasts the next 10 years of asset expenditure. 1.2 Financial Summary The City manages a network of road, pathway, drainage, reserve and building assets having a combined current replacement cost of $383,142,512 (as at 1 st June 2013). Table Current Replacement Value Asset Values 3% 28% 17% 7% 45% Roads Pathways Drainage Reserves Buildings Page 4 of 11
5 1.3 Renewal Demand and Funding Gap Each AMP will identify either a shortfall in funding or over servicing where funding exceeds the renewal demand. For individual asset classes a statement will be made whether the funding arrangement provides financial sustainability. While over servicing is not identified in the early years of the LTFP, where it is identified in later years (eg. roads) it presents an opportunity to redistribute funds to areas where there are shortfalls. Once the confidence level in the data is improved, these redistributions can occur across asset classes in future plan reviews. 2.0 INTRODUCTION 2.1 Background Each individual AMP seeks to target activities and programs in the LTFP which provide best value for money outcomes and ensure that the assets meet appropriate levels of service. This is achieved through informed decision making, based on the following analysis; Asset condition surveys; Asset performance (ie. rate at which the asset is deteriorating); Lifecycle costs; Risk costs; and Treatment options. This approach means considering all management options and strategies as part of the asset lifecycle, from planning to disposal. The objective is to obtain the lowest long-term cost (rather than short-term savings) when making asset management decisions. 2.2 Core and Advanced Asset Management The current AMP s have been prepared as core plans in accordance with the Department of Local Government Guidelines. Each has been prepared to meet minimum legislative and organisational requirements to enable sustainable service delivery and long term financial planning and reporting. Core asset management is a top down approach where analysis is applied at a network level. Future revisions of these AMP s will move towards advanced asset management using a bottom up approach for gathering asset information for individual assets to support the optimisation of activities and programs to meet required service levels. This will ultimately be reflected in ongoing reviews of the LTFP and AMP s. 2.3 Plan Framework Key elements of the plan are: Service Levels specifies level of service of the asset class which is utilised in the financial forecasts. Where information about community and stakeholder service level expectation is not fully developed (which is the current situation across all infrastructure assets) then it is assumed the current service level should be maintained. Future demand how this will impact on future service delivery and how this is to be managed. Life Cycle Management Plan how City of Albany will manage its existing and future assets to provide the required level of service. Financial summary what funds are required and what will be provided and what is the gap? How is the gap going to be managed? Page 5 of 11
6 3.0 SERVICE LEVELS 3.1 Community Consultation The City will carry out quality community consultation over the next review period. This is an approach which will be required consistently across all asset classes. The purpose of the consultation will be to ascertain the community and stakeholder expectations in respect to levels of service. This will allow future reviews of the asset plans to incorporate these expectations into financial modelling. Stakeholders will include, but are not necessarily limited to: Council Internal working groups (ie Asset Management Working Group) General community Main Roads Western Australia (Road funding) Department of Transport (Cycling facility funding) Department of Water (Natural Reserves) South Coast NRM (Natural Reserves) User groups and Progress Associations. 3.2 Current Levels of Service Level of service relates to how the community receives the service in terms of safety, quality, quantity, reliability, responsiveness, cost/efficiency and legislative and standards compliance. It also, in many respects has a direct relationship with the condition of the asset. Supporting the service levels are operational or technical measures of performance developed to ensure that the minimum standards are met. These technical measures relate to service criteria such as: Quality Reliability and aesthetics (eg. materials having better durability or appearance) Quantity Adequate capacity (eg ability for a road to carry certain volume or type of traffic) Availability and Effectiveness Distance from key community facilities (eg location of playground equipment) Safety Number of injury accidents (eg road geometry) In the financial modelling conducted thus far, it is assumed that the current levels of service in relation to the four (4) areas above are adequate. Therefore the condition of the asset is considered as being the major driver in forecasting expenditure requirements. Consequently if the forecasted renewal expenditure meets the predicted renewal demand, the City is in a financially sustainable position in the management of that particular asset. 3.4 Desired Levels of Service In the absence of thorough consultation, the desired level of service assumed in the financial modelling across all asset classes is the current level of service. As a general rule any increase in the level of service requires additional financial resources from the City. In order to facilitate new or upgraded infrastructure external funding will be sought. Page 6 of 11
7 4.0 FUTURE DEMAND 4.1 Demand Forecast Factors affecting demand include population change, changes in demographics, seasonal factors, community expectations, economic factors, etc. According to the City of Albany Community Profile, population in the City of Albany municipality has increased from 31,574 in 2006 to 33,648 in Population growth has therefore been relatively modest. Demand for new infrastructure and acquisitions of infrastructure through subdivision in the short term are not seen to be a significant factor. More detailed analysis of this will form part of the next asset management plan review. 4.2 New Assets from Growth The new assets required to meet growth are acquired from land developments and the City s own construction. Acquiring these new assets will commit the City to fund ongoing operations and maintenance costs for the period that the service provided from the assets is required. Through continuing data collection and validation, these future costs need to be identified and considered in developing forecasts of future operating and maintenance expenditures. 5.0 LIFECYCLE MANAGEMENT PLAN 5.1 Physical Parameters City of Albany assets have been grouped by like components. The useful life of an asset is defined as a period over which a depreciable asset is expected to be fully utilised, however, this period can be significantly impacted by maintenance practices. The data collected on the assets is stored in various databases. These systems operate as inventory capture and asset management tools. They are used to forecast replacement upgrade requirements on a long term basis. 5.2 Asset Condition Condition for the purpose of financial modelling is measured using a 0 10 rating system and summarised in Table This aligns with the modelling software the City has used in generating the financial forecasts. This software is referred to as the Maloney model. In the case of Roads, the conditions are rated 1 5, however this is simply converted to a 1 10 scale in order to achieve consistency across asset classed when modelling. Table Maloney Asset Condition Rating Scale CONDITION DEFINITION RATING 0 A new asset or an asset recently rehabilitated back to new condition A near new asset with no visible signs of deterioration often moved to condition1 based upon the time since construction rather than observed condition decline. An asset in excellent overall condition. There would be only very slight condition decline but it would be obvious that the asset was no longer in new condition. An asset in very good overall condition but with some early stages of deterioration evident, but the deterioration still minor in nature and causing no serviceability problems. An asset in good overall condition but with some obvious deterioration evident, serviceability would be impaired very slightly. An asset in fair overall condition, deterioration in condition would be obvious and there would be some serviceability loss. An asset in fair to poor overall condition. The condition deterioration would be quite obvious. Building serviceability would now be affected and maintenance cost would be rising. Page 7 of 11
8 CONDITION RATING DEFINITION An asset in poor overall condition, deterioration would be quite severe and would be starting to limit the serviceability of the building. Maintenance cost would be high. An asset in very poor overall condition with serviceability now being heavily impacted upon by the poor condition. Maintenance cost would be very high and the asset would be a point where it needed renewal. An asset in extremely poor condition with severe serviceability problems and needing renewal immediately. Could also be a risk to remain in service. An asset that has failed, is no longer serviceable and should not remain in service. There would be an extreme risk in leaving the asset in service. 5.3 Risk Management Plan An assessment of risks associated with service delivery from infrastructure assets has identified critical risks to Council. The risk assessment process identifies credible risks, the likelihood of the risk event occurring, the consequences should the event occur, develops a risk rating, evaluates the risk and develops a risk treatment plan for non-acceptable risks. Risks, being those requiring corrective action identified in the risk management plan are summarised in individual AMPs in a tabular format. 5.4 Routine Maintenance Plan Routine maintenance is the regular on-going work that is necessary to keep assets operating, including instances where portions of the asset fail and need immediate repair to make the asset operational again. Maintenance is work undertaken to ensure that City of Albany assets continue to meet the required performance and standard throughout it useful life. Maintenance includes reactive, planned and cyclic maintenance work activities. Reactive maintenance is unplanned repair work carried out in response to service requests and management/supervisory directions. Assessment and prioritisation of reactive maintenance is undertaken by City staff using experience and judgement. Preventive maintenance the actions performed to retain an item or asset in its original condition as far as practicable by providing systematic inspection, detection and prevention of incipient failure. Preventive maintenance is normally programmed by the relevant business unit responsible for the asset. In most cases, the programs are developed from historic information or through the experience of the relevant co-ordinators within the business unit. Cyclic maintenance preventative maintenance works undertaken on a regular cyclical timetable. Reactive maintenance the actions performed, as a result of failure, to restore an item or asset to its original condition, as far as practicable. Reactive maintenance may or may not be programmed. Reactive maintenance is generated from customer service requests. The targeted response time to these requests is 10 working days, however this is dependent on the type of request. In many cases, the request can be integrated with programmed preventative maintenance. Page 8 of 11
9 5.5 Renewal/Replacement Plan Renewal expenditure is major work which does not increase the asset s design capacity but restores, rehabilitates, replaces or renews an existing asset to its original service potential. Work over and above restoring an asset to original service potential is upgrade/expansion or new works expenditure. Assets requiring renewal are identified from estimates of remaining life obtained from the asset register. Candidate proposals are inspected to verify accuracy of the remaining life estimate and to develop a preliminary renewal estimate. Verified proposals are ranked by priority and available funds and scheduled into the LTFP. Where AMP s are sufficiently advanced priority ranking criteria for the asset class are detailed. Where the AMP s are yet to reach this level, this information is not provided. Renewal will be undertaken using low cost renewal methods where practical. The aim of low cost renewals is to restore the service potential or future economic benefits of the asset by renewing the assets at a cost less than replacement cost. 5.6 Creation/Acquisition/Upgrade Plan New works are those works that create a new asset that did not previously exist, or works which upgrade or improve an existing asset beyond its existing capacity. They may result from growth, social or environmental needs. Assets may also be acquired at no cost to the Council from land development. These new assets will be progressively included into the asset inventory so that they are considered in each annual AMP review. 5.7 Standards and specifications Standards and specifications for new assets and for upgrade/expansion of existing assets are the same as those for renewal and will be the subject of a future revision. Generally, Australian Standards are the minimum applied. 6.0 FINANCIAL SUMMARY 6.1 Financial statements and projections The financial projections are shown in each AMP for planned renewal, upgrade and new expenditure. Operational expenditure is detailed in the LTFP. Financial projections will be improved in future reviews by: Service level expectations being collated and analysed. Data collection which allows a more detailed approach to understanding how assets are performing (ie, are assets deteriorating at the rate that we think?) 6.2 Sustainability of service delivery In essence, if the City is meeting the renewal demand expenditure, it should consider that it is in a financially sustainable position. Where this is not the case (as is the case with some assets) an understanding of how this will be managed is detailed in the AMP under a section headed Managing the Gap. 6.3 Funding Strategy The funding strategy is detailed in the City s LTFP. 6.4 Valuation Forecasts Asset values are forecast to increase as additional assets are added to the asset base from construction and acquisition by Council and from assets constructed by land developers and others and gifted to Council. Page 9 of 11
10 7.0 ASSET MANAGEMENT PRACTICES 7.1 Information Flow Requirements and Processes The key information flows into the AMP s are; The asset register data on condition, value, remaining life of City of Albany assets; The unit rates for categories of work/material; The adopted service levels; Projections of various factors affecting future demand for services; Correlations between maintenance and renewal, including deterioration models; and Data on new assets acquired by the City of Albany. The key information flows from the AMP s are; The estimated renewal demand and trends; The resulting expenditures which feed into the LTFP. 8.0 PLAN IMPROVEMENT AND MONITORING 8.1 Improvement Plan The Asset Management Strategy identifies specific improvement plans for each asset class. 8.2 Monitoring and Review Procedures Each individual AMP will be reviewed prior to the annual budget preparation and amended to recognise any changes in service levels and/or resources available. 9.0 ASSET MANAGEMENT PLANS 9.1 Supporting Documents For more detailed information on individual asset classes please refer to the following Asset Management Plans: Asset Management Plan Roads; Asset Management Plan Pathways; Asset Management Plan Drainage; Asset Management Plan Reserves (Natural); Asset Management Plan Reserves (Developed); Asset Management Plan Buildings; and Adopted City of Albany Long Term Financial Plan For more detailed information on individual projects Version Control Revision No. Status Distribution Issue Date Comment 0 Draft Internal only 30/4/13 Draft 1 Draft Special Council Meeting 25/06/13 Tabled for adoption 2 Final Special Council Meeting 25/06/13 Adopted Page 10 of 11
11 City of Albany 2013 Copyright for this document belongs to the City of Albany. It may not be sold or subject to any charges without the City s written permission. Apart from sales, the City freely permits copying, use and distribution provided the City of Albany s copyright is asserted and provided this notice is included on any subsequent form of the document. ** DISCLAIMER ** This information contained in this document is a guide only. Verification with original Local Laws, Acts, Planning Schemes, and other relevant documents is recommended for detailed references. The City of Albany accepts no responsibility for errors or omissions. Page 11 of 11
Asset Management Plan
Wandering Shire Council Roads Asset Management Plan TABLE OF CONTENTS 1 Executive Summary... 2 Context... 2 Questions you may have... 4 2. INTRODUCTION... 5 2.1 Background... 5 2.2 Goals and objectives
More informationRoads and Footpaths Infrastructure Asset Management Plan
Roads and Footpaths Infrastructure Asset Management Plan Version 2a November 2012 This page is left blank intentionally Prepared By: Rob Damhuis Senior Transport Asset Management Consultant Opus International
More informationCGAM022.1/12/10. Asset Management Improvement Strategy 2010
Asset Management Improvement Strategy 2010 Version Control Version No. Date Details Author/s 1.0 July 2009 Adopted Strategy 2.0 October 2010 Update TABLE OF CONTENTS OF CONTENTS 4 OF THE ASSET MANAGEMENT
More informationAsset Management Strategy
Asset Management Strategy File Ref: CM.STD.6 Synergy Ref: NMP1331737 Version: 25/06/2013 City of Albany 2013 102 North Road, Yakamia WA 6330 PO Box 484, ALBANY WA 6331 Tel: (08) 9841 9333 Fax: (08) 9841
More informationA Guide For Preparing The Financial Information Component Of An Asset Management Plan. Licensing, Monitoring and Customer Protection Division
A Guide For Preparing The Financial Information Component Of An Asset Management Plan Licensing, Monitoring and Customer Protection Division July 2006 Contents 1 Important Notice 2 2 Scope and purpose
More information2. CORPORATE POLICIES 2.3 OTHER CORPORATE 2.3.11 Asset Management Policy
2. CORPORATE POLICIES Background & Issues Local Government across Australia is facing the challenge of building, operating and maintaining vital infrastructure necessary for the well-being of their communities.
More informationINFRASTRUCTURE AND ASSET MANAGEMENT PLAN. Buildings & Structures
Wakefield Regional Council INFRASTRUCTURE AND ASSET MANAGEMENT PLAN for Buildings & Structures Adopted 26 November 2008, Minute 105 Document Control Document ID: 59_04_070905_lgasa_iamp template v11 Rev
More informationCity Planning - Council's Improvement Strategy
Warringah Council Policy Policy No. Number 1 Purpose of Policy The purpose of this policy is to establish the strategic financial planning and sustainability framework to guide Council when developing
More informationAsset Management Plan
BUILDING Asset Management Plan Version 1 May 2013 Document Control Document ID: Buildings AMP 2013 Rev No Date Revision Details Author Reviewer Approver 1 22 May 2013 JN RG WI Copyright 2012 All rights
More informationWandering Council Draft Plant Asset Management Plan
Wandering Council Draft Plant Asset Management Plan TABLE OF CONTENTS EXECUTIVE SUMMARY... 2 Context... 2 1 INTRODUCTION... 2 1.1 Background... 2 1.2 Goals and Objectives of Asset Management... 3 1.3 Pla
More information1. INTRODUCTION... 1 2. PURPOSE OF THE ASSET MANAGEMENT STRATEGY... 2 3. ASSET MANAGEMENT... 3
ASSET MANAGEMENT STRATEGY 2010-2020 November 2009 1. INTRODUCTION... 1 2. PURPOSE OF THE ASSET MANAGEMENT STRATEGY... 2 3. ASSET MANAGEMENT... 3 4. WESTERN AUSTRALIAN ASSET MANAGEMENT IMPROVEMENT PROGRAM
More informationTEC Capital Asset Management Standard January 2011
TEC Capital Asset Management Standard January 2011 TEC Capital Asset Management Standard Tertiary Education Commission January 2011 0 Table of contents Introduction 2 Capital Asset Management 3 Defining
More informationPlant Equipment and Emergency Services Asset Management Plan
Kyogle Council Plant Equipment and Emergency Services Asset Management Plan Version 2.01 May 2012 Document Control Plant Equipment and Emergency Services Asset Management Plan Document ID: kyogle_plant_amp_v2
More informationA NEW METHOD FOR DEVELOPING THE MOST COST- EFFECTIVE REHABILITATION PROGRAMS FOR OUR AGEING SEWER NETWORKS
A NEW METHOD FOR DEVELOPING THE MOST COST- EFFECTIVE REHABILITATION PROGRAMS FOR OUR AGEING SEWER NETWORKS Introduction Toby Bourke (MWHSoft), Graham McGonigal (MWH) There is currently widespread concern
More informationGlenorchy City Council Asset Management Strategy for Infrastructure Assets
Glenorchy City Council Asset Strategy for Infrastructure Assets 2014/15 to 2017/18 Version 1.3 June 2014 Glenorchy City Council Asset Strategy for Infrastructure Assets Document Control Document Control
More informationCampbelltown City Council Asset Management Strategy 2012-2022
Campbelltown City Council Asset Management Strategy 2012-2022 Disclaimer This document was first published on 1 July 2012. The information contained in this document is to be considered general in nature
More informationROADING ASSET MANAGEMENT PLAN
ROADING ASSET MANAGEMENT PLAN 1 EXECUTIVE SUMMARY 1.1 Overview This Roading Asset Management Plan (RAMP) follows the format recommended by the National Asset Management Steering Group (NAMS) and is largely
More informationInfrastructure Asset Management Strategy
Infrastructure Asset Management Strategy Strategy Owner Manager Parks and Assets Engineering and Infrastructure Creation Date 27 March 2006 Revision Date 4 March 2015 Please check Council s Intranet to
More informationSlough Borough Council. Highway Asset Management Strategy
Slough Borough Council Highway Asset Management Strategy OUR AMBITION USING RESOURCES WISELY By 2019 the Council s income and the value of its assets will be maximised 1 Key Priorities 1.1 We understand
More informationAsset Management Plan
Asset Management Plan Shire of Woodanilling Version 1 Adopted 12 August 2013 Prepared By: Marie Sorrell Building Asset Management Consultant Opus International Consultants (PCA) Ltd Approved for Release
More informationAsset Management Plan
City of Mitcham Stormwater Asset Management Plan Scenario 1 Version 8 June 2015 FINAL City of Mitcham STORMWATER ASSET MANAGEMENT PLAN Document Control Document ID : Mitcham SW AMP Dec14.doc Rev No Date
More informationAsset Management Policy. Sutherland Shire Council. Council Online - IM/Policies - Policies & Forms - IM/Policy Asset Management1
Asset Management Policy Sutherland Shire Council Council Online - IM/Policies - Policies & Forms - IM/Policy Asset Management1 Document review and approval This document has been approved by Subject matter
More informationCore Infrastructure Risk Management Plan
SHIRE OF MOUNT MAGNET Roads and Buildings Core Infrastructure Risk Management Plan Version 1 May 2013 AM4SRRC Document Control Asset Management for Small, Rural or Remote Communities Document ID: 59_280_110211
More information4 Adoption of Asset Management Policy and Strategy
4 Adoption of Asset Management Policy and Strategy Abstract The report recommends the adoption of an updated Asset Management Policy 2014 and an Asset Management Strategy 2014-2019. Both documents are
More informationMunicipal Asset Management Toolkit
Municipal Asset Management Toolkit A Guideline for Local Decision Makers Implemented by: Network of Associations of Local Authorities of South East Europe WHAT IS ASSET MANAGEMENT? An integrated approach
More informationAsset Management. Framework and Guidelines. Part 2 - Asset Management Guidelines for Western Australian Local Governments p1.
Asset Management Framework and Guidelines Part 2 - Asset Management Guidelines for Western Australian Local Governments p1. Contents Foreword 4 Part 1 Asset Management Framework 5 1. Introduction 7 2.
More informationAsset Management Policy
Asset Policy DETAILS Council Admin Effective from: July 2015 Contact officer: Executive Coordinator Strategic Asset, Corporate Asset Next review date: June 2017 File reference: LG343/1045/03/01 ispot #
More informationCouncil Policy: Asset Management
Classification: Council Policy: Asset Management Council Policy First Issued: 7 November 2006 Dates of Review: 4 March 2014 Version Number: 2 DW Doc set ID: 459426 Next Review Due: 4 March 2019 Applicable
More informationPage 1 of 24. To present the Asset Management Policy 2014 for Council adoption.
Page 1 of 24 COMMUNITY AND SERVICES SPECIAL COMMITTEE REPORT 9 DECEMBER 2104 AGENDA ITEM 6.1 ASSET MANAGEMENT POLICY 2014 REVIEW Director: Manager: Ian Butterworth Director Infrastructure and Engineering
More information- 1. Local Government Association of South Australia. Sustainable Asset Management in SA GUIDELINES. For
- 1 Local Government Association of South Australia Sustainable Asset Management in SA GUIDELINES For Infrastructure and Asset Management Plan Template DRAFT V6 FOR PILOT COUNCIL REVIEW Prepared by Sept
More information10.0 ASSET MANAGEMENT PRACTICES
10.0 ASSET MANAGEMENT PRACTICES 10.1 Current Asset Management Practices This section outlines the decision making tools Taupō District Council (TDC) currently uses to determine long term maintenance, renewal
More informationHow to Make RAM Part of the Business Process
How to Make RAM Part of the Business Process 14th Transport Sector Coordinating Committee (TSCC) Meeting of the Central Asia Regional Economic Cooperation Program 27-30 April 2015 Ulaanbaatar, Mongolia
More informationASSET MANAGEMENT STRATEGY
ASSET MANAGEMENT STRATEGY Adopted May 2011 Table of Contents Page 1. Introduction 3 2. Purpose 4 3. Asset Register System 4 4. Asset Management Working Group 4 5. Asset Management Plans 5 6. Condition
More informationLONG TERM FINANCIAL PLAN (INTERIM) 2012/13 to 2022/23
LONG TERM FINANCIAL PLAN (INTERIM) 2012/13 to 2022/23 INTRODUCTION Long term financial planning is a key element of the Integrated Planning and Reporting Framework. It is the mechanism that enables local
More informationINFRASTRUCTURE AND ASSET MANAGEMENT PLAN
District Council Loxton Waikerie Community Wastewater Management System INFRASTRUCTURE AND ASSET MANAGEMENT PLAN Version 2015 Document Control Document ID: cwms infrastucture and asset management plan.doc
More informationASSET MANAGEMENT STRATEGY
ASSET MANAGEMENT STRATEGY Version 3 - Final Adopted 19 February 2013 NAMS.PLUS Burnie City Council Asset Strategy Document Control Document Control NAMS.PLUS Asset www.ipwea.org.au/namsplus Document ID:
More informationLong Term Financial Plan 2014 2023 Adopted December 2013
Long Term Financial Plan 2014 2023 Adopted December 2013 District Council of Mallala CONTENTS 1 Introduction 1 2 Planning Framework 2 3 Assumptions 7 4 Summary & Financial Statements 10 Estimated Comprehensive
More informationASSET MANAGEMENT STRATEGY
SHIRE OF BODDINGTON ASSET MANAGEMENT STRATEGY Version 1 January 2014 Asset Management Strategy Document Control Rev No Date Revision Details Author Reviewer Approver 1 January 2014 Draft Strategy T McCarthy
More informationBuilding Infrastructure Asset Management Plan
Building Infrastructure Asset Management Plan Version 1.1 Building Infrastructure Asset Management Plan (Version 1.1) Page 1 of 19 Document Control Council policy documents change from time to time and
More informationHow To Manage Asset Management
4. Managing asset lifecycles a) Asset condition The condition of an asset is a measure of its physical state and provides indication as to whether or not service levels are being attained. Tracking the
More informationInformation Paper 9. Local Government Financial Indicators
Information Paper 9 Local Government Financial Indicators November, 2006 Introduction Formal financial statements contain a wealth of information. Unfortunately their detail and format often mean it is
More informationRoad Asset Management vs Pavement Management A new Paradigm. Arthur Taute Stewart Russell
Road Asset Management vs Pavement Management A new Paradigm Arthur Taute Stewart Russell Contents Background Definitions Improvements over PMS TMH22 elements Conclusions BACKGROUND Municipal AMS GRAP17
More information2017 19 TasNetworks Regulatory Proposal Expenditure Forecasting Methodology
2017 19 TasNetworks Regulatory Proposal Expenditure Forecasting Methodology Version Number 1 26 June 2015 Tasmanian Networks Pty Ltd (ACN 167 357 299) Table of contents 1 Introduction... 1 2 Meeting our
More information11. Managing our Transport Assets
11. Managing our Transport Assets 11.1 The Need for an Asset Management Plan 11.1.1 A key challenge is to make transport assets work for the city in a way which fully contributes to the delivery of corporate
More informationAsset Management Plan
LATROBE COUNCIL BUILDING SERVICES Asset Management Plan Version 3 June 2015 Asset Management for Small, Rural or Remote Communities Document Control Asset Management for Small, Rural or Remote Communities
More informationASSET MANAGEMENT STRATEGY
City of Salisbury ASSET MANAGEMENT STRATEGY Version 6 June 2015 City of Salisbury Asset Management Strategy Document Control Document Control NAMS.PLUS Asset Management www.ipwea.org/namsplus Document
More informationThe Asset Management Landscape
The Asset Management Landscape ISBN 978-0-9871799-1-3 Issued November 2011 www.gfmam.org The Asset Management Landscape www.gfmam.org ISBN 978-0-9871799-1-3 Published November 2011 This version replaces
More informationBuildings Asset Management Plan
Buildings Asset Management Plan Version 1.0 June 2011 District Council of Mount Barker Buildings Asset Management Plan Page 1 of 38 Document Control Rev No Date Revision Details Author Reviewer Approver
More informationAsset Management Strategy. High-performing and sustainable assets
Asset Management Strategy High-performing and sustainable assets DISTRIBUTION SCHEDULE Revision No. Date Distribution Reference R1.0 19 September 2012 R1.1 25 September 2012 Issued to KPMG for review R1.2
More informationDocument Control. Approver MW/CN SL JFB
Document Control Document ID: 59 299 140531 nams plus3 amp template v3.1 Rev No Date Revision Details Author Reviewe r 1 12/03/15 Revised Version of 2013 Draft SW Network AMP Approver MW/CN SL JFB Copyright
More informationBUILDING & FACILITIES ASSET MANAGEMENT PLAN 2012
BUILDING & FACILITIES ASSET MANAGEMENT PLAN 2012 Document Control Document ID: 59_07_070909_nams.plus_amp template v11 Rev No Date Revision Details Author Reviewer Approver 1 Dec 2011 Graphs and Reports
More informationASSET MANAGEMENT PLAN
Plant and Equipment ASSET MANAGEMENT PLAN asset Version 1 September 2011 Document Control Document ID: 59_07_101209 nams plus_amp template v11 1 Rev No Date Revision Details Author Reviewer Approver 1
More informationLong-Term Asset Management Plan 2011-2021
Long-Term Asset Management Plan 2011-2021 Contents Introduction...3 A shared vision...4 Strategic planning to achieve our goals...4 Towards 2031...5 A long-term vision, communicated by our community...5
More informationQuick Guide: Meeting ISO 55001 Requirements for Asset Management
Supplement to the IIMM 2011 Quick Guide: Meeting ISO 55001 Requirements for Asset Management Using the International Infrastructure Management Manual (IIMM) ISO 55001: What is required IIMM: How to get
More informationTransport Asset Management Plan. Worcestershire Local Transport Plan 3. Worcestershire Local Transport Plan 3
Worcestershire Local Transport Plan 3 Worcestershire Local Transport Plan 3 Transport Asset Management Plan Find out more online: www.worcestershire.gov.uk/ltp3 Definition of Transport Asset Management...
More informationLIFECYCLE PLAN: STREET FURNITURE
LIFECYCLE PLAN: STREET FURNITURE Version Date Signed Checked Status 0.1 April 2011 Draft 0.2 February 2012 2 nd Draft Table of Contents 1. Current Status (February 2012)... 2 1.1. Current Issues... 2 1.2.
More informationLong Term Financial Planning
Long Term Financial Planning Framework and Guidelines Long Term Financial Planning Framework and Guidelines for Western Australian Local Governments p1. Contents Foreword 4 1. Introduction 7 2. Purpose
More informationROAD NETWORK ASSET MANAGEMENT AS A BUSINESS PROCESS. Paper prepared for the REAAA Conference in Japan, 4 9 September 2000
ROAD NETWORK ASSET MANAGEMENT AS A BUSINESS PROCESS Paper prepared for the REAAA Conference in Japan, 4 9 September 2000 Florentina Mihai, BEng, GDipMgt, MIEAust Main Roads Western Australia Neville Binning,
More informationRate Setting, Asset Management and Financial Sustainability. A guide for local governments June 2013
Rate Setting, Asset Management and Financial Sustainability A guide for local governments June 2013 1 Rate Setting, Asset Management and Financial Sustainability A guide for local governments June 2013
More information10.0 ASSET MANAGEMENT PRACTICES
10.0 ASSET MANAGEMENT PRACTICES 10.1 Current Asset Management Practices This section outlines the decision making tools Taupo District Council (TDC) currently uses to determine long term maintenance, renewal
More informationSession 1 Asset Management and Financial Planning
Session 1 Asset Management and Financial Planning Based on Australian Infrastructure Financial Management Guidelines John Howard, IPWEA NAMS.AU Project Manager Jeff Roorda & Associates AASHTO Workshops
More informationAUDIT & PERFORMANCE REVIEW COMMITTEE ON 26 TH SEPTEMBER 2007
PAGE: 1 REPORT TO: SUBJECT: BY: AUDIT & PERFORMANCE REVIEW COMMITTEE ON 26 TH SEPTEMBER 2007 ASSET MANAGEMENT CHIEF FINANCIAL OFFICER 1. REASON FOR REPORT 1.1 To provide the Audit and Performance Review
More informationAuditing Standard ASA 520 Analytical Procedures
ASA 520 (October 2009) Auditing Standard ASA 520 Issued by the Auditing and Assurance Standards Board Obtaining a Copy of this Auditing Standard This Auditing Standard is available on the Auditing and
More informationASSET MANAGEMENT STRATEGY
ASSET MANAGEMENT STRATEGY Page 1 of 15 TABLE OF CONTENTS 1. INTRODUCTION...3 2. THE ASSET LIFECYCLE...3 2.1 Asset Planning...5 2.2 Asset Creation / Acquisition...6 2.3 Asset Operations...7 2.4 Asset Maintenance...7
More informationAn Introduction to Risk Management. For Event Holders in Western Australia. May 2014
An Introduction to Risk Management For Event Holders in Western Australia May 2014 Tourism Western Australia Level 9, 2 Mill Street PERTH WA 6000 GPO Box X2261 PERTH WA 6847 Tel: +61 8 9262 1700 Fax: +61
More informationAsset Management: A Best Practice
Asset Management: A Best Practice Purpose Introduction This guide will help you understand: The definition of Asset Management. Why asset management is important to your utility. The best practices in
More informationSOL PLAATJE LOCAL MUNICIPALITY
SOL PLAATJE LOCAL MUNICIPALITY LONG TERM FINANCIAL PLANNING POLICY 1 P a g e TABLE OF CONTENTS TABLE OF CONTENTS... A 1. INTRODUCTION...1 2. PURPOSE OF THIS DOCUMENT...1 3. DEFINITIONS... 2 4. OBJECTIVES...
More informationAsset Management Plan
Transport Infrastructure Asset Management Plan (Incorporating - Sealed and Unsealed Roads Footpaths Kerb and Gutters) Scenario 1 Version 5 (S1_V5) August 2014 Document Control Rev No Date Revision Details
More informationLong Term Financial Plan 2014/15 2023/24
Long Term Financial Plan 2014/15 2023/24 May 2014 1 Index Executive Summary... 3 Background... 5 What is Financial Sustainability?... 6 Key Financial Issues and Challenges... 8 Responding to the Challenges...
More informationAsset Management Plans
Tertiary Education CAM Workshop 17 February 2012 Objective and Overview The objective is to develop an understanding of how Asset Management Plans are produced: Purpose, definitions and misconceptions
More informationFinancial Sustainability Information Paper 8. Long-term Financial Plans
Financial Sustainability Information Paper 8 Long-term Financial Plans Revised January 2012 Introduction This Information Paper is one of a series of Information Papers about Financial Sustainability and
More informationHighway Asset Management Strategy
1. Introduction 1.1. Cheshire East Council (CEC) recognises the importance of its highway infrastructure and how an effectively maintained and managed network contributes to the achievement of its corporate
More informationASSET MANAGEMENT PLAN
Asset Management Plans App F Transportation Transportation ASSET MANAGEMENT PLAN Version 2 September 2012 TABLE OF CONTENTS Asset Management Plans App F Transportation ABBREVIATIONS...i GLOSSARY...ii
More information10.0 ASSET MANAGEMENT PRACTICES
10.0 ASSET MANAGEMENT PRACTICES 10.1 Current Asset Management Practices This section outlines the decision making tools Taupō District Council (TDC) currently uses to determine long term maintenance, renewal
More informationHIGHWAY INFRASTRUCTURE ASSET MANAGEMENT STRATEGY
HIGHWAY INFRASTRUCTURE ASSET MANAGEMENT STRATEGY 16 November 2015 Highway Infrastructure Asset Management Strategy Contents Introduction 1.0 The Need for Asset Management 1.1. Background 1.2. Aims and
More informationAsset Management Plan 2015 Facilities and Transit
Asset Management Plan 2015 Facilities and Transit Prepared for Submitted by October 2015 Asset Management Plan Contents Section 1 Executive Summary Table of Content Section 2 Introduction Section 3 State
More informationAsset Management Plan. High-performing and sustainable assets
Asset Management Plan High-performing and sustainable assets DISTRIBUTION SCHEDULE Revision No. Date Distribution Reference R1.4 18 October 2012 Issued to KPMG R1.5 19 October 2012 Issued to KPMG R1.6
More informationAsset Management Policy
Asset Management Policy July 2014 Purpose The purpose of this Asset Management Policy is to guide sustainable management of Council s assets to meet current and future community needs. Scope Council's
More informationROADS ALLIANCE ASSET MANAGEMENT COMMUNIQUÉ AUGUST 2010 LOCAL GOVERNMENT ASSOCIATION OF QUEENSLAND LTD
ROADS ALLIANCE ASSET MANAGEMENT COMMUNIQUÉ AUGUST 2010 LOCAL GOVERNMENT ASSOCIATION OF QUEENSLAND LTD Contents 4 Glossary 6 Background 9 Purpose of Communiqué 9 Australian and State Government Drivers
More informationGLAMORGAN SPRING BAY COUNCIL. Asset Management Strategy
GLAMORGAN SPRING BAY COUNCIL Asset Management Strategy Table of Contents Introduction... 3 Vision... 3 Objective of the Asset Management Strategy... 4 Aim of the Asset Management Strategy... 4 Links to
More information10.0 ASSET MANAGEMENT PRACTICES
10.0 ASSET MANAGEMENT PRACTICES 10.1 Current Asset Management Practices This section outlines the decision making tools Taupō District Council (TDC) currently uses to determine long term maintenance, renewal
More informationRoad & Footpath Asset Management Plan
Road & Footpath Asset Management Plan Draft 29 November 2004 CT Management Group Henshelwood & Associates Road & Footpath Asset Management Plan Contents 1. EXECUTIVE SUMMARY... 5 2. INTRODUCTION... 9 2.1
More informationPOLICY ASSET MANAGEMENT - INVESTMENT PROPERTY FINANCE
Document #:5968866 POLICY CP ID: OS Date adopted: 18/09/2012 File no: 416945-1 Minute number: 274/2012 Policy title: Stream: Branch: ASSET MANAGEMENT - INVESTMENT PROPERTY ORGANISATIONAL SERVICES FINANCE
More informationINCORPORATING CONDITION ASSESSMENT INTO A COMPREHENSIVE ASSET MANAGEMENT PROGRAM
INCORPORATING CONDITION ASSESSMENT INTO A COMPREHENSIVE ASSET MANAGEMENT PROGRAM Tony Urquhart Vice President MWH Business Solutions Suite 700, 380 Interlocken Crescent Broomfield, CO 80304 ABSTRACT In
More information10.0 ASSET MANAGEMENT PRACTICES. Table of Contents
10.0 ASSET MANAGEMENT PRACTICES Table of Contents 10.0 ASSET MANAGEMENT PRACTICES... 119 10.1 Current Asset Management Practices... 120 10.2 Asset Management Processes... 120 10.2.1 Attribute data collection
More informationWATE R O&M S E RV I CE S An asset management perspective
WATE R O&M S E RV I CE S An asset management perspective Smart asset management solutions create long term value With more than 150 years of water industry experience and responsibility for operations
More informationAsset Management Policy
Asset Management Policy Reference Number: 6.9 12/270470 Type: Category: Council Asset Management Relevant Community Plan Outcome: Demonstrate effective leadership with strong community collaboration Build
More informationAsset Management Strategy
Asset Management Strategy City of Stonnington April 2011 Odysseus-imc Pty Ltd APPROVAL FUNCTION NAME DATE Checked by S. Muir 4 Mar 2011 Reviewed by T. Griffin 6 Mar 2011 Approved by S. Muir 4 April 2011
More informationAsset and Development Coordinator
Department: Section: Location: Works and Services Technical Services City Offices Position Overview The is a critical role within Council s Technical Services section of the Works and Services Department
More informationService Asset Management Plan - A Guide to the Bule City Council
1 st Cut AMP Draft Version 1.00 June 2014 Services Asset Management Plan Part A General Information Incorporated with: Part B Road Network Part C Pathways Part D Bridges Part E Stormwater Drainage System
More informationAsset Management Plan
City of Marion Transport, Stormwater, Open Space, Buildings and Coastal Walking Trail Asset Management Plan Scenario 1 Version 1 May 2015 Document Control Document ID: 59.299.120815 nams.plus2 amp template
More informationBusiness Life Insurance Procurement Plans - County Level Planning
Signs & Street Furniture Lifecycle Management Plan Contents: 13.1 Introduction 13.2 Inventory 13.3 Condition Assessment 13.4 Service Standards (Maintenance Management) 13.5 Performance Monitoring 13.6
More informationRail Asset Management. Rail
Rail Asset Management Rail Rail Asset Management Calibre Global understands the key drivers facing rail owners and operators are both financial and operational performance. The end objective for any company
More informationSTRATEGIC ASSET MANAGEMENT AT THE PORT OF MELBOURNE
STRATEGIC ASSET MANAGEMENT AT THE PORT OF MELBOURNE by by Domenic (Mick) Lo Bianco 1 and Barry Giddings 2 ABSTRACT The objective of this paper is to discuss the Port of Melbourne s journey and experiences
More informationFinancial and Asset Management. Glossary of Terms and Abbreviations
Financial and Asset Management Glossary of Terms and Abbreviations ABP see Annual Business Plan Accrual accounting: An accounting approach by which expenses, revenue, assets and liabilities are recognised
More information16. ASSET MANAGEMENT POLICY
16. ASSET MANAGEMENT POLICY Asset Management Policy Document No.: WT-HRM-16.00 Approved By: Council Issue No.: 1.00 Approved On: 10 June 2014 Responsibility: Infrastructure Services Department Review Date:
More informationCONTENTS 3 MESSAGE FROM THE CEO 4 INTEGRATED PLANNING & REPORTING FRAMEWORK 5 INTRODUCTION 7 ASSET MANAGEMENT PRACTICES 12 RENEWAL GAP ANALYSIS 15
WORKING TOGETHER City of South Perth_Asset Management Plan 2013 2023 CONTENTS 3 MESSAGE FROM THE CEO 4 INTEGRATED PLANNING & REPORTING FRAMEWORK 5 INTRODUCTION 7 Asset Management Policy 7 Asset Management
More informationHORNSBY SHIRE COUNCIL LONG TERM FINANCIAL PLAN 2014/15-2023/24 HORNSBY SHIRE COUNCIL LONG TERM FINANCIAL PLAN 2014/15-2023/24 SECTION INTRODUCTION
HORNSBY SHIRE COUNCIL LONG TERM FINANCIAL PLAN 2014/15-2023/24 HORNSBY SHIRE COUNCIL LONG TERM FINANCIAL PLAN 2014/15-2023/24 SECTION INTRODUCTION P1 P2 CONTENTS Executive Summary Financial Results Future
More informationComparative Study of Guidelines and Practices for Building Infrastructure Asset Management. Summary. 1. Introduction. 2. Australian Practices
Comparative Study of Guidelines and Practices for Building Infrastructure Asset Management Mr. Ashish SHAH B.E. (Civil), M.E. (I.T.) Researcher, RMIT University, Australia Research interests in Infrastructure
More informationLogan City Council. Strategic Planning and Performance Management Framework
Logan City Council Strategic Planning and Performance Management Framework 1 Table of contents 1. Overview 3 a) Purpose 3 b) Key Features 3 2. Context 4 a) National Framework for Sustainability 4 b) Elements
More information